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Nonprofiteer
← JET AWARD FOUNDATION & TRUST INC

Form 990 for tax year 2025

Filed by JET AWARD FOUNDATION & TRUST INC.

Totals

Total revenue
$671,347
Total expenses
$611,248
Contributions and grants received
$616,607
Grants paid
$365,942
Program service revenue
$0
Investment income
$40,312
Other revenue
$14,428
Total assets, end of year
$1,149,298
Total liabilities, end of year
$37,725
Net assets or fund balances, end of year
$1,111,573
Program services expenses (Part IX)
$365,942
Management and general expenses
$234,760
Fundraising expenses
$10,546
Program service expenses (Part III)
$365,942

Program services were 59.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $156,284

  • 1e · Government grants (contributions)

    $396,360

  • 1f · All other contributions, gifts and grants

    $63,963

  • 3 · Investment income

    total $40,312 · excluded $40,312

  • 8a · Fundraising events: gross income

    $236,760

  • 8a · Fundraising events: contributions included on line 1c

    $156,284

  • 8b · Fundraising events: direct expenses

    $222,332

  • 8c · Net income from fundraising events

    total $14,428 · excluded $14,428

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $365,942 · program services $365,942

  • 7 · Other salaries and wages

    total $135,158 · management and general $135,158

  • 9 · Other employee benefits

    total $12,800 · management and general $12,800

  • 10 · Payroll taxes

    total $10,340 · management and general $10,340

  • 11c · Fees: accounting

    total $28,801 · management and general $28,801

  • 11e · Fees: professional fundraising services

    total $10,546 · fundraising $10,546

  • 11g · Fees: other

    total $36,320 · management and general $36,320

  • 12 · Advertising and promotion

    total $407 · management and general $407

  • 13 · Office expenses

    total $287 · management and general $287

  • 14 · Information technology

    total $563 · management and general $563

  • 16 · Occupancy

    total $31 · management and general $31

  • 19 · Conferences, conventions and meetings

    total $1,735 · management and general $1,735

  • 24a · Other expenses: SCHOLARSHIP RELATIONS

    total $6,528 · management and general $6,528

  • 24b · Other expenses: STORAGE

    total $1,575 · management and general $1,575

  • 24c · Other expenses: BANK SERVICE CHARGES

    total $215 · management and general $215

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $126,791 · end of year $44,725

  • 2 · Savings and temporary cash investments

    beginning of year $1,150,492 · end of year $1,087,778

  • 3 · Pledges and grants receivable

    end of year $12,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,211 · end of year $4,295

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,083 · end of year $22,603

  • 19 · Deferred revenue

    beginning of year $75,000 · end of year $15,000

  • 25 · Other liabilities

    beginning of year $3,709 · end of year $122

  • 27 · Net assets without donor restrictions

    beginning of year -$33,266 · end of year $26,835

  • 28 · Net assets with donor restrictions

    beginning of year $1,193,968 · end of year $1,084,738

Mission and programs · 2025

Mission

THE FOUNDATION'S PRIMARY MISSION IS TO HELP END GENERATIONAL POVERTY BY RAISING MONEY FOR THE JOHNNY RODGERS CAREER AND TECHNICAL SCHOLARSHIPS. PROVIDING SUPPORT TO STUDENTS WITH FINANCIAL NEED IN THE WAY OF A TWO YEAR SCHOLARSHIP, ENABLING THEM TO PURSUE DEGREES IN CAREER AND TECHNICAL EDUCATION PROGRAMS AT METROPOLITAN COMMUNITY COLLEGE (MCC) IN OMAHA. THE JET AWARD FOUNDATION AND TRUST ALSO ANNUALLY CELEBRATES THE ELITE KICK-OFF AND PUNT RETURNER IN COLLEGE FOOTBALL. DESPITE THE RECOGNITION GIVEN TO VARIOUS POSITIONS IN COLLEGE FOOTBALL THROUGH POSTSEASON AWARDS, THE RETURN SPECIALIST HAS BEEN OVERLOOKED UNTIL THE ESTABLISHMENT OF THE JET AWARD. THE FOUNDATION AIMS TO HONOR AND ACKNOWLEDGE THE BEST RETURN SPECIALIST IN COLLEGE FOOTBALL EACH YEAR.

  • THE JET AWARD FOUNDATION & TRUST'S PRIMARY MISSION AND ACCOMPLISHMENT IS TO SUPPORT STUDENTS WITH FINANCIAL NEED IN THE WAY OF A TWO YEAR SCHOLARSHIP, ENABLING THEM TO PURSUE DEGREES IN CAREER AND TECHNICAL EDUCATION PROGRAMS. ACADEMIC YEAR 7.1.25 - 6.30.26 RESULTED IN THE FOUNDATION PROVIDING SCHOLARSHIPS TO 135 STUDENTS AT METROPOLITAN COMMUNITY COLLEGE.

    Expenses $365,942 · Grants $365,942

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael C Severe

    EXECUTIVE DI

    Total calculated
    $147,958
    From this org
    $135,158
    From related orgs
    $0
    Other
    $12,800
    Hours/week
    40
  • Johnny Rodgers

    BOARD MEMBER

    Total calculated
    $26,000
    From this org
    $26,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    15
  • Patrick Z Alston

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    5
  • Mike Alvano

    BOARD MEMBER

    Total calculated
    $0
  • Denny Drake

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10
  • Margaret Evans

    BOARD MEMBER

    Total calculated
    $0
  • Joni Flynn

    BOARD MEMBER

    Total calculated
    $0
  • William Reed

    EX OFFICIO

    Total calculated
    $0
  • Jim Siemonsma

    BOARD MEMBER

    Total calculated
    $0
  • Fredrick Stehlik

    BOARD MEMBER

    Total calculated
    $0
  • Lt Colonel Thomas Traylor

    BOARD MEMBER

    Total calculated
    $0
  • Rob Trebilcock

    BOARD MEMBER

    Total calculated
    $0
  • Kurt Wagner

    BOARD MEMBER

    Total calculated
    $0
  • Vince Leisey

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • Ruth McCully

    SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • Dick Zacharia

    TREASURER

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • METROPOLITAN COMMUNITY COLLEGE

    $365,942

    SCHOLARSHIPS

Provenance

Return type
form_990
Tax year
2025
Filed
6 August 2026
IRS schema version
2025v4.0
Source object
202632189349300243

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